Author: NBTC

Tether will retire USDT from several chains with low activity, planning significant wallet transfers. All the external USDT tokens will revert to Ethereum versions. Tether’s USDT will consolidate on Ethereum, after the main issuer planned a series of chain swaps. Tether warned of the token movements to avoid a market panic. The biggest transfer will be for 1B TRON-based USDT, which will shift to Ethereum. The 1B tokens coincide with the same amount of authorized but not issued stablecoins. TRON’s supply will not change significantly, as the network already expanded to more than 62B tokens. The rest of the chain…

Former Bank of Spain Governor ES Pablo ES Pablo Hernández de Cos will replace Agustín Carstens as general manager of the Bank for International Settlements from July 1. He has called for the European Central Bank to work on its digital currency and was involved in setting global crypto banking rules in 2022. ES Pablo Hernández de Cos, a former governor of the Bank of Spain who has called for the European Central Bank to work on a digital euro, will become the general manager of the Bank for International Settlements in July, the organization said in a release on…

Metacade released its first game, ‘Gangs of Metacadia’ on the Base blockchain. Developed with the assistance of Jamie King, the co-founder of Rockstar Games, the game introduces players to a world of the neon city where power and tactics define the supremacy of gangs. Gangs of Metacadia strategy game enables the player to control five major gangs, each with their attitude and reason behind occupying the country of the futuristic city of Metacadia. Five Gangs Battle for Control in Metacade’s Game Metacadia is home to five rival gangs, each vying for control. Five gangs also surround Metacadia, and they all…

Bitfinex anticipates that the upcoming US presidential election could act as a catalyst for Bitcoin, potentially pushing its price beyond its all-time high of $73,666, in its latest report. The report identifies several factors contributing to this outlook, including a surge in Bitcoin options activity, seasonal strength in the fourth quarter, and the “Trump trade” narrative—linking a potential Republican win with a favorable market impact on Bitcoin and other risk assets. Options premiums and implied volatility for Bitcoin are projected to peak around the election, with volatility expected to reach 100% on November 8. This environment suggests heightened price fluctuations,…

Render (RNDR) surged 50.16% this week despite a 36.42% drop in trading volume, signaling ongoing interest in RNDR. Stacks (STX) saw a 22.55% rise in price but a 59.70% volume decline, hinting at cautious trading behavior. Gala (GALA) experienced a strong 36.85% growth, though trading activity declined by 33.68%, suggesting profit-taking. Over the past week, some tokens have recorded high growth rates. The gain was recorded in Render (RNDR), Gala, Stacks, Flow, and The Sandbox. However, these tokens observe robust market interest even as trading volumes decouple slightly. Render (RNDR) Sees 41.48% Surge in 7 Days Amid Declining Trading Volume…

Following the election of Donald Trump as the 47th President of the United States, a number of Trump campaign-themed memecoins have witnessed notable gains. According to Coingecko data, the Department of Government Efficiency and Peanut the Squirrel memecoins saw 24-hour price increases of 41% and 75%, respectively. The Peanut the Squirrel token is inspired by a viral incident involving the euthanization of a pet squirrel by the New York Department of Environmental Protection, which became a point of interest for Republican supporters. This interesting background helped make the token an unlikely market leader following Trump’s victory. On the other hand,…

Will Bitcoin’s near-60% dominance surge translate into a breakout above $100K with the help of November’s market-shaping events, or will unexpected factors derail BTC’s upward journey? Table of Contents BTC dominance holds strong amid market shifts BTC ETFs closing in on major milestones Election odds and what they mean for Bitcoin’s future Crypto and macro perspective BTC dominance holds strong amid market shifts As autumn peaks, Bitcoin’s (BTC) market dominance—the percentage of the total crypto market cap it holds—is creating an intriguing scenario. Currently, at around 59.7%, a level last reached in April 2021, it appears set to cross the…

CryptoPunks reestablished a floor price of $100,000 this week amid major gains for Bitcoin and the broader cryptocurrency market, marking a resurgence for the prominent NFT project following months of diminished demand. This marks the first time the CryptoPunks floor—aka the price of the cheapest asset listed on a marketplace—has been above $100,000 since June according to data from NFT Floor Price. The rise in floor price has been buoyed by a sharp increase in trading volume for the Ethereum NFT collection, which traded more than $14.5 million in the last week and registered more sales in the last four…

The rise of memecoins is an important milestone of the crypto community and Binance research credits increased the money supply for it. As investors have more appetite for high-risk assets, memecoins have tripled in value. But, they are speculative and very reactive to influence. They have clocked a 22% surge on the back of the US election result. 75% memecoins were born last year A recent Binance report revealed that the rising money supply has driven more investment into riskier crypto assets, including memecoins. Its market value has tripled relative to altcoins since 2022. The report highlights that with regulators…

The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler could soon step down, a move that might positively impact the ongoing Ripple lawsuit. Recently reelected, pro-crypto President Donald Trump has previously promised to fire Gensler on his “day 1” in office. This has indeed put pressure on the SEC Chair to resign before January 2025 while the XRP case proceedings continue. Will SEC Chairman Resign This Week? A notable trend suggests Gensler may follow suit, as past SEC chairs have resigned shortly after opposing presidents won elections. For instance, Mary Jo White announced her resignation just days after Trump…